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Buhari Writes National Assembly, Seeks Approval To Borrow $29.960b For Projects

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Buhari Writes Senate, Gives Reasons For Refusing To Sign Electoral Bill

By Philips Sunday

Abuja, (AN24) – President Muhammadu Buhari on Tuesday, October 25, 2016, wrote the National Assembly, seeking an approval to borrow $29.960 billion for proposed projects across the country.

In a letter dated October 20, 2016, the President demanded $11.274‎ for different programmes, $10.686 billion for Special National Infrastructure Projects, $3.5 billion for Federal Government budget support and Euro Bonds of $4.5 billion.

The letter reads: “I wish to refer to the above subject and to submit the attached draft of Federal Government 2016-2018 External (Rolling) Plan for consideration and early approval by the National Assembly to ensure prompt implementation of the projects.
“The projects cut across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation, poverty reduction through social safety net programmes and governance and financial management Reforms among others.”




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